FMC Technologies Receives Order for Five Additional Subsea Manifolds for Petrobras' Pre-salt Fields

abarrelfullabarrelfull wrote on 20 Aug 2014 05:58
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FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order for five subsea manifolds from Petrobras, Brazil's national oil company, for its pre-salt fields located offshore Brazil. The order represents the balance of the 16 subsea manifolds ordered under a frame agreement in 2013. In total, FMC Technologies has received orders for 19 subsea manifolds for Petrobras' pre-salt fields. Engineered and manufactured in Brazil, the subsea manifolds are scheduled for delivery beginning in 2015.

"This award illustrates Petrobras' confidence in our ability to deliver manifolds for its pre-salt fields," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "Our significant investments in Brazil, combined with our extensive experience delivering subsea manifolds with multiplex controls in Brazil, reinforce the capability of our Brazilian operations to support Petrobras' pre-salt field development."


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